Euro’s long time falldown against dollar might be ending nowadays. As we can see on 2 hourly chart it looks like creating a uptrending flag formation. RSI is confirming the upmove.
By checking the break of resistance, you can create a long position around 1,125 and targets will be 1,135 and than 1,14. Of course with a stop loss around 1,120
By checking the break of resistance, you can create a long position around 1,125 and targets will be 1,135 and than 1,14. Of course with a stop loss around 1,120
Trade closed: stop reached
Our opinion didn’t go as expected and we’ve reached the Stop loss point.Trump’s delay on customs tax for Chinese products played a great roll on this fallback
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.